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<br />2008 Employee Benefit Plan <br />Review and Recommendations <br />February 13,2008 <br /> <br />Overall Cost & Cost to the Citv <br /> <br />Assuming the current enrollment does not change, the overall annual cost of the current <br />plan versus the renewal is: <br /> <br />Current (2007/2008) <br /> <br />Renewal (2008/2009) <br /> <br />$1,076,634 <br /> <br />$1,195,065 <br /> <br />Increase of $118,431 annually <br /> <br />Assuming that the City continues to pay 100% of the employee premium and 50% of the <br />dependent premium, and that current enrollment does not change, the City's costs for the <br />current plan versus the renewal are: <br /> <br />Current (2007/2008) <br /> <br />Renewal (2008/2009) <br /> <br />$853,576 <br /> <br />$945,768 <br /> <br />Increase of $92, 192 annually <br /> <br />The above figures will be affected by the actual enrollment into the Neighborhood Health <br />Care Plan option. <br /> <br />Increase in Costs to El11/Jlovees for De/Jendent Coveraze <br /> <br />Based upon the current contribution structure, the City will be paying the majority of the <br />increased costs for the 2008/2009 year. The following summarizes the monthly and the <br />"per paycheck" costs to employees and the increase: <br /> <br />HMO <br /> <br />Spouse Coverage <br />Children Coverage <br />Family Coverage <br /> <br />Monthly <br />$262.28 <br />$186.99 <br />$412.88 <br /> <br />POS <br /> <br />Employee Coverage <br />Spouse Coverage <br />Children Coverage <br />Family Coverage <br /> <br />Monthly <br />$ 22.55 <br />$287.71 <br />$208.41 <br />$446.33 <br /> <br />Per Paycheck <br />$121.05 <br />$ 86.30 <br />$190,56 <br /> <br />Per Paycheck <br />$ 10.41 <br />$132.79 <br />$ 96.19 <br />$206.00 <br /> <br />Page 6 <br /> <br />Increase Per Paycheck <br />$11. 92 <br />$ 8.48 <br />$18.81 <br /> <br />Increase Per Paycheck <br />$ 0.88 <br />$13.09 <br />$ 9.46 <br />$20.34 <br />